A battle is being fought within corporations. Shareholders want managers to make their shares as valuable as possible, managers want shareholders to leave them alone, and the board of directors is caught in the middle. The Firm Divided shows how strong boards persuade managers to do what's best for shareholders-and why weak boards don't. Graeme Guthrie blends the stories of particular firms and individuals with the insights of scholarly research, enhancing understanding of how seemingly separate events are consequences of the separation of ownership and control, the ultimate cause of manager-shareholder conflict. Boards of directors can affect the outcome of this conflict by monitoring managers, providing incentives for managers to work in shareholders' best interests, delegating monitoring to outside parties, and influencing the effectiveness of the market for corporate control. How directors do this depends on how they weigh their fiduciary duty to shareholders against the close ties that bind them to senior executives. The Firm Divided provides conceptual insight, underpinned by research into corporate governance, into board-manager interactions. It shows how tools that can benefit shareholders when used by strong boards can actually harm shareholders when used by weak boards. Guthrie provides a 360 degree view of firms, exploring the ways in which each player pursues their own goals, with examples from a range of firms in diverse industries.

Microeconomics is the most engaging introductory economics resource available to students today. Using real businesses examples to show how managers use economics to make real decisions every day, the subject is made relevant and meaningful. Each chapter of the text opens with a case study featuring a real business or real business situation, refers to the study throughout the chapter, and concludes with An Inside Look—a news article format which illustrates how a key principle covered in the chapter relates to real business situations or was used by a real company to make a real business decision. Solved problems in every chapter motivate learners to confidently connect with the theory to solve economic problems and analyse current economic events.

The United States will enter the twenty-first century with an increasingly diverse, unequal, and divided population. Longstanding tensions persist between ethnic groups, rich and poor, and immigrants and the native-born. New sources of strain involve sexual and gender minorities, those who possess alternate family forms, and white and nonwhite immigrants, as well as the widening gulf between rich and poor Americans. A Nation Divided offers a fresh approach to these controversial issues. In this volume, leading social scientists explore the potentially explosive combination of diversity and inequality. Using the latest theory and research, the authors show how different groups become socially and economically unequal and how such patterns of "durable inequality" affect national stability. They also discuss strategies for reducing durable inequality and creating social harmony. Their contributions address the changing demography of diversity and inequality and the interplay of diversity, inequality, and community in educational institutions, the military, the family, popular culture, and religion.

A study of the Victorian Anglo-Jewish ruling elite, the 'Cousinhood', and of its economic, political, and Jewish interests. Daniel Gutwein challenges the current monolithic image of the Cousinhood.

The Firm Divided blends the narrative of events involving particular firms and individuals with the insights of that academic research to present a coherent framework that ties the various strands of corporate governance-good and bad-together.